Citizens Financial Group, Inc. (NYSE: CFG) has declared quarterly cash dividends on six distinct series of its preferred stock, providing income to investors holding these instruments. The Board of Directors approved the payouts, which are scheduled to be paid on October 6, 2026, to shareholders who held their positions at the close of business on the record date of September 21, 2026. This declaration ensures continued distribution to holders of the bank’s fixed-to-floating and fixed-rate perpetual preferred securities.

The dividend amounts vary by series, reflecting the different coupon rates and structures associated with each class of stock. For the Series B and Series C stocks, which feature fixed-to-floating rate mechanisms, the per-share dividends are set at $17.93138778 and $18.32494333, respectively. These higher values correspond to their respective 6.000% and 6.375% initial rates.

For the fixed-rate series, the payouts are structured differently. The Series E stock, carrying a 5.000% fixed rate, will pay $12.50 per share. This amount translates to $0.3125 per depositary share, with each depositary share representing a 1/40th interest in a full share of the preferred stock. Similarly, the Series G stock, a 4.000% fixed-rate reset instrument, will receive a $10.00 per-share dividend.

The remaining two series also involve depositary shares. The Series H stock, with a 7.375% fixed rate, will pay $18.4375 per share, equivalent to $0.46093750 per depositary share. The Series I stock, a 6.500% fixed-rate reset instrument, will pay $16.25 per share, or $0.40625 per depositary share. All series are non-cumulative and perpetual in nature.

Citizens Financial Group, Inc. is headquartered in Providence, Rhode Island, and reported $233.8 billion in assets as of June 30, 2026. The bank operates through Consumer Banking and Commercial Banking segments, offering retail, private banking, wealth management, and corporate finance services across 14 states and the District of Columbia.

Truist Securities analyst Brian Foran has maintained a Hold rating on Citizens Financial Group (NYSE: CFG) and raised the price target to $80 from $72. This adjustment reflects a revised valuation outlook for the financial services company, aligning with a broader trend of increased price targets across the sector.

Rating and Price Target Details

The revised price target of $80 from Truist Securities represents an increase from the previous target of $72. The Hold rating indicates the stock is expected to perform in line with the broader market. This update follows recent revisions from other major firms, including Citigroup, which maintained a Buy rating and raised its target to $84 from $78.

Analyst Outlook

The consensus among analysts remains positive toward Citizens Financial Group. Keefe, Bruyette & Woods maintains the highest target at $90, while Truist Securities' revision contributes to the overall upward trend in price targets.